The Construction-To-Permanent loan program is designed to finance the construction phase of your home that also includes a loan conversion at the end of construction to permanent financing. Our one-time closing effectively saves you money with just one closing. During the construction phase, you pay interest only each month on funds that are disbursed in scheduled draws as the builder progresses and inspections are completed. Once the Certificate of Occupancy is issued by the building department, your construction loan rolls over into permanent financing.
•Maximum Loan to Value
- 95% LTV to $485,350.00
- 80% LTV to $750K
- 70% up to $1.25 Million (Can go higher on loan amount, Case Dependent)
•Financing: Interest only on cumulative draws during construction phase at the note rate
•Closing: One time close from construction loan to permanent loan to reduce fees.
•Occupancy: Primary Residence Only